![]() Supports S Corp, partnership, C Corp, and multi-member LLC or trust tax forms. The 1979 Oregon Legislature passed the "Two percent kicker" law, which requires the state to refund excess revenue to taxpayers when actual General Fund revenues exceed the forecast amount by more than two percent. TurboTax® Business CD/Download is business tax software that makes preparing business taxes easy. Historic 2 percent Oregon surplus "kicker" statistics Taxpayers whoĬlaimed a credit for tax paid to another state would need to subtract theĬredit amount from their liability before calculating the credit. Archived from the original on June 10, 2016. To calculate theĪmount of the credit, taxpayers multiply their 2022 tax liability before anyĬredits – line 22 on the 2022 Form OR-40 – by 44.28 percent. There are a number of different versions, including TurboTax Deluxe, TurboTax Premier, etc. Refundable credit on their 2023 tax return filed in 2024. Actual connection times and availability may vary. to 6 p.m., ET, Monday to Friday (except holidays). After May 1, English and French hours of operation will be 9 a.m. ET for French during tax season (from February 20 to May 1, 2023). Includes state(s) and one (1) federal tax filing. Must file by Mato be eligible for the offer. TurboTax Live Assisted Basic Offer: Offer only available with TurboTax Live Assisted Basic and for simple tax returns only. Learn about the latest tax news and year-round tips to maximize your refund. to 12:00 midnight ET, 7 days a week for English, and 9 a.m. Special discount offers may not be valid for mobile in-app purchases. The TurboTax community is the source for answers to all your questions on a range of taxes and other financial topics. TurboTax experts are available from 9 a.m. If there's no surplus, or if the tax year is even-numbered, no kicker is available.įor the 2021-23 biennium, OEA has confirmed a Learn about the latest tax news and year-round tips to maximize your refund. TurboTax and Quicken are registered trademarks of Intuit, Inc. The kicker credit is available only on the return for an odd-numbered year. SpruceA mobile banking app for people who want to make the most of their refund. If there's a surplus, the kicker may be claimed on the return as a refundable tax credit or donated to the State School Fund. Simply click the Live Help icon in the product, select ayuda en español and you’ll be connected to a bilingual tax expert. ![]() Get unlimited help from live bilingual experts as you do your taxes, plus a final review, backed by our 100 accuracy guarantee. Every two years, the Oregon Department of Administrative Services (DAS) Office of Economic Analysis (OEA) determines whether there is a surplus and the amount to be returned to taxpayers as a kicker. TurboTax has Spanish-speaking experts who can help you. The Oregon surplus credit, known as the “kicker," is a way for state government to return some of your taxes to you when revenues are more than predicted. ![]()
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